Pii: S1043-951x(99)00007-3

نویسنده

  • Martin Feldstein
چکیده

China has legislated a mixed social security pension system with a defined benefit pay-as-you-go portion and an investment-based defined contribution portion. This paper analyzes the economics of these two types of systems in the Chinese context and calculates the advantage to China of using an investment-based portion. Several options for reform of the recently legislated system are considered. © 1999 Elsevier Science Inc. All rights reserved.

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تاریخ انتشار 1999